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3232Goldman Sachs Raises US Recession Risk to 25%
https://www.digit.info/goldman-sachs-raises-us-recession-risk-to-25/
Mon, 05 Aug 2024 19:10:48 +0000https://www.digit.info/goldman-sachs-raises-us-recession-risk-to-25/Read more]]>Global investment bank Goldman Sachs has increased the likelihood of a U.S. recession within the next year to 25% from the previous 15%, although they maintain that the risk remains limited. Despite the recent rise in unemployment to its highest in nearly three years and a significant slowdown in hiring, Goldman economists, led by Jan […]
]]>Peter Schiff Explains Why Gold’s Price Is Rising — Warns Bitcoin Is a ‘Gigantic Bubble’
https://www.digit.info/peter-schiff-explains-why-golds-price-is-rising-warns-bitcoin-is-a-gigantic-bubble/
Tue, 16 Apr 2024 23:17:14 +0000https://www.digit.info/2024/04/16/peter-schiff-explains-why-golds-price-is-rising-warns-bitcoin-is-a-gigantic-bubble/Read more]]>Economist and gold bug Peter Schiff has explained why the price of gold is rising, warning that bitcoin is a “gigantic bubble.” He expects gold to be in “double digits” by next year. Meanwhile, he said that bitcoin is in a bear market and the price of the cryptocurrency “is going much lower than this.” […]
]]>Peter Schiff Downplays Importance of Bitcoin Halving — Discusses ‘What Matters Most’ for BTC Price
https://www.digit.info/peter-schiff-downplays-importance-of-bitcoin-halving-discusses-what-matters-most-for-btc-price/
Thu, 14 Mar 2024 06:00:54 +0000https://www.digit.info/2024/03/14/peter-schiff-downplays-importance-of-bitcoin-halving-discusses-what-matters-most-for-btc-price/Read more]]>Economist and gold advocate Peter Schiff has downplayed the significance of the upcoming bitcoin halving, emphasizing a different factor that will drive the price of the cryptocurrency. He believes what matters the most is “how much of the current supply holders want to sell, not what miners create.” Peter Schiff on Bitcoin Halving Economist and […]
]]>US Central Bank Expected to Raise Lending Rate by 25bps: Experts Predict Final Hike of 2023
https://www.digit.info/us-central-bank-expected-to-raise-lending-rate-by-25bps-experts-predict-final-hike-of-2023/
Sun, 30 Apr 2023 16:50:05 +0000https://www.digit.info/2023/04/30/us-central-bank-expected-to-raise-lending-rate-by-25bps-experts-predict-final-hike-of-2023/Read more]]>After the most recent increase in the federal funds rate, the U.S. Federal Reserve is set to raise the lending rate by 25 basis points (bps) to 5.25% in three days, according to expectations. A recent poll of 105 economists revealed that 94 of them predict a 25bps rate hike will occur during the May […]
]]>US Consumer Price Index Rises 0.1% in March, Annual Inflation up 5% From Last Year
https://www.digit.info/us-consumer-price-index-rises-0-1-in-march-annual-inflation-up-5-from-last-year/
Wed, 12 Apr 2023 16:15:06 +0000https://www.digit.info/2023/04/12/us-consumer-price-index-rises-0-1-in-march-annual-inflation-up-5-from-last-year/Read more]]>On Wednesday, the U.S. Bureau of Labor Statistics published the Consumer Price Index (CPI) report, which noted that inflation rose 0.1% last month in March and 5% from a year ago. Annual inflation has dropped for nine consecutive months following the nine times the U.S. Federal Reserve raised the federal funds rate. U.S. Inflation Cools […]
]]>‘Not Related to a Digital Currency’ — US Central Bank Addresses Concerns Over Fednow Payment Network
https://www.digit.info/not-related-to-a-digital-currency-us-central-bank-addresses-concerns-over-fednow-payment-network/
Sun, 09 Apr 2023 14:35:03 +0000https://www.digit.info/2023/04/09/not-related-to-a-digital-currency-us-central-bank-addresses-concerns-over-fednow-payment-network/Read more]]>The U.S. Central Bank has issued an update regarding the Federal Reserve’s Fednow project, which is scheduled to commence in July. The Fed has responded to recent criticism of the Fednow service and asserts that the Fednow payment network is “neither a form of currency nor a step toward eliminating any form of payment, including […]
]]>White House Says Biden Has ‘Confidence’ in Fed Chair Powell While Fedwatch Tool Predicts a 25bps Hike This Week
https://www.digit.info/white-house-says-biden-has-confidence-in-fed-chair-powell-while-fedwatch-tool-predicts-a-25bps-hike-this-week/
Tue, 21 Mar 2023 13:39:25 +0000https://www.digit.info/2023/03/21/white-house-says-biden-has-confidence-in-fed-chair-powell-while-fedwatch-tool-predicts-a-25bps-hike-this-week/Read more]]>With the Federal Open Market Committee convening on Wednesday and the recent financial troubles facing the U.S. banking system, White House press secretary Karine Jean-Pierre said President Joe Biden has “confidence” in Federal Reserve chair Jerome Powell. Meanwhile, according to the CME Group’s Fedwatch tool, the target rate probability suggests the Fed will raise the […]
]]>Expert Warns of Possible Deflationary Depression as Money Supply Contracts: ‘Pay Attention to QT and the Money Supply’
https://www.digit.info/expert-warns-of-possible-deflationary-depression-as-money-supply-contracts-pay-attention-to-qt-and-the-money-supply/
Thu, 09 Mar 2023 19:30:45 +0000https://www.digit.info/2023/03/09/expert-warns-of-possible-deflationary-depression-as-money-supply-contracts-pay-attention-to-qt-and-the-money-supply/Read more]]>During the Covid-19 pandemic, central banks such as the U.S. Federal Reserve loosened fiscal and monetary policy. Now, these same financial institutions are seemingly engaging in quantitative tightening (QT) practices. According to Nick Gerli, CEO and founder of Reventure Consulting, “the money supply is officially contracting.” This has only happened four times in the last […]
]]>Most Retail Crypto Investors Lost Money Over the Last 7 Years, According to BIS Analysis
https://www.digit.info/most-retail-crypto-investors-lost-money-over-the-last-7-years-according-to-bis-analysis/
Tue, 21 Feb 2023 19:30:57 +0000https://www.digit.info/2023/02/21/most-retail-crypto-investors-lost-money-over-the-last-7-years-according-to-bis-analysis/Read more]]>According to data from the Bank for International Settlements (BIS), published in the latest BIS Bulletin No. 69, researchers assessed that, on average, most users lost money on their investments over the past seven years. Onchain data, metrics from exchanges, and cryptocurrency application download statistics gathered by BIS researchers suggest that most median retail crypto […]
]]>Latest CPI Data Shows Red-Hot Inflation Continues to Thrive in the US, Consumer Prices Jumped 8.2% in September
https://www.digit.info/latest-cpi-data-shows-red-hot-inflation-continues-to-thrive-in-the-us-consumer-prices-jumped-8-2-in-september/
Thu, 13 Oct 2022 15:22:04 +0000https://www.digit.info/2022/10/13/latest-cpi-data-shows-red-hot-inflation-continues-to-thrive-in-the-us-consumer-prices-jumped-8-2-in-september/Read more]]>The latest inflation data from the United States indicates that consumer prices have kept climbing despite expectations of a slowdown. The Consumer Price Index (CPI) summary published on Thursday shows an 8.2% rise in the year through September, and the core index rating saw the fastest yearly increase since 1982. September’s CPI Data Was Worse […]
Global investment bank Goldman Sachs has increased the likelihood of a U.S. recession within the next year to 25% from the previous 15%, although they maintain that the risk remains limited. Despite the recent rise in unemployment to its highest in nearly three years and a significant slowdown in hiring, Goldman economists, led by Jan […]
]]>
Economist and gold bug Peter Schiff has explained why the price of gold is rising, warning that bitcoin is a “gigantic bubble.” He expects gold to be in “double digits” by next year. Meanwhile, he said that bitcoin is in a bear market and the price of the cryptocurrency “is going much lower than this.” […]
]]>
Economist and gold advocate Peter Schiff has downplayed the significance of the upcoming bitcoin halving, emphasizing a different factor that will drive the price of the cryptocurrency. He believes what matters the most is “how much of the current supply holders want to sell, not what miners create.” Peter Schiff on Bitcoin Halving Economist and […]
]]>
After the most recent increase in the federal funds rate, the U.S. Federal Reserve is set to raise the lending rate by 25 basis points (bps) to 5.25% in three days, according to expectations. A recent poll of 105 economists revealed that 94 of them predict a 25bps rate hike will occur during the May […]
On Wednesday, the U.S. Bureau of Labor Statistics published the Consumer Price Index (CPI) report, which noted that inflation rose 0.1% last month in March and 5% from a year ago. Annual inflation has dropped for nine consecutive months following the nine times the U.S. Federal Reserve raised the federal funds rate. U.S. Inflation Cools […]
The U.S. Central Bank has issued an update regarding the Federal Reserve’s Fednow project, which is scheduled to commence in July. The Fed has responded to recent criticism of the Fednow service and asserts that the Fednow payment network is “neither a form of currency nor a step toward eliminating any form of payment, including […]
With the Federal Open Market Committee convening on Wednesday and the recent financial troubles facing the U.S. banking system, White House press secretary Karine Jean-Pierre said President Joe Biden has “confidence” in Federal Reserve chair Jerome Powell. Meanwhile, according to the CME Group’s Fedwatch tool, the target rate probability suggests the Fed will raise the […]
During the Covid-19 pandemic, central banks such as the U.S. Federal Reserve loosened fiscal and monetary policy. Now, these same financial institutions are seemingly engaging in quantitative tightening (QT) practices. According to Nick Gerli, CEO and founder of Reventure Consulting, “the money supply is officially contracting.” This has only happened four times in the last […]
According to data from the Bank for International Settlements (BIS), published in the latest BIS Bulletin No. 69, researchers assessed that, on average, most users lost money on their investments over the past seven years. Onchain data, metrics from exchanges, and cryptocurrency application download statistics gathered by BIS researchers suggest that most median retail crypto […]
The latest inflation data from the United States indicates that consumer prices have kept climbing despite expectations of a slowdown. The Consumer Price Index (CPI) summary published on Thursday shows an 8.2% rise in the year through September, and the core index rating saw the fastest yearly increase since 1982. September’s CPI Data Was Worse […]